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Articles Tagged With ‘Estate Financial Inc.’




Former EFI employee: ’We all knew it was fraud’

Written on 7 Nov, 2008 in Uncovered SLO | 4 comments

By KAREN VELIE and DANIEL BLACKBURN Three former employees of defunct Estate Financial Inc. (EFI) claim they witnessed fraudulent behavior while employed at the Paso Robles hard money lending firm. Speaking to CalCoastNews on condition of anonymity, the individuals provided new details... (Continue reading)

Estate Financial chiefs’ arraignments postponed

Written on 27 Oct, 2008 in Uncovered SLO | 10 comments

By THE EDITORS San Luis Obispo Superior Court Judge Jac Crawford Monday agreed to continue the arraignment of Estate Financial Inc. principles Karen Guth and her son Joshua Yaguda on 26 felony charges to Nov. 21. Irvine-based attorney Dyke Huish requested the... (Continue reading)

Estate Financial investors have chance to claim assets

Written on 26 Oct, 2008 in Uncovered SLO | One comment

By KAREN VELIE Estate Financial Inc. investors have just 30 days to file any claim to assets belonging to EFI principals Karen Guth and her son Joshua Yaguda, according to a financial notice posted by the San Luis Obispo District Attorney’s... (Continue reading)

STAKEOUT CONFIDENTIAL: Seeing Guth and Yaguda in handcuffs

Written on 19 Oct, 2008 in Uncovered SLO | 4 comments

By THE EDITORS Law enforcement plans to grab Estate Financial Inc.’s principals some time Thursday raced through the investor community like rumors of rain during a drought. So we knew what was going to happen, we knew who, why, and where. But... (Continue reading)

EFI ‘s Guth, Yaguda arrested on multiple fraud charges

Written on 16 Oct, 2008 in Uncovered SLO | 11 comments

By KAREN VELIE and DANIEL BLACKBURN Beleaguered Estate Financial Inc. (EFI) principals Karen Guth and her son Joshua Yaguda were arrested Thursday morning on 26 felony charges. A parade of a dozen San Luis Obispo County Sheriff, District Attorney, and state vehicles... (Continue reading)

EFI UPDATE: Corporate criminals?

Written on 11 Oct, 2008 in Uncovered SLO | 2 comments

By KAREN VELIE and DANIEL BLACKBURN In an attempt to explain the ongoing financial calamity created by Estate Financial Inc. (EFI), trustees recently held a meeting in which they frequently used the “F” word (fraud) and appeared to explain an apparent... (Continue reading)

EFI trustees: Piggys at the trough?

Written on 5 Sep, 2008 in Uncovered SLO | 3 comments

By KAREN VELIE and DANIEL BLACKBURN Trustees working the Estate Financial Inc. (EFI) collapse – including a pair retained by the failed lender – want nearly a quarter-million dollars for their efforts during the past month and a half. That includes $10,400... (Continue reading)

Divorce allows peek between EFI’s sheets

Written on 16 Aug, 2008 in Uncovered SLO | 20 comments

By DANIEL BLACKBURN and KAREN VELIE It took an acrimonious divorce and a protracted asset scrap to finally address the big question for investors in Paso Robles’ Estate Financial Inc.: Where did their money go? Now, EFI principal Karen Guth has answered... (Continue reading)

Judge ices EFI fund property sale proceeds

Written on 6 Aug, 2008 in Uncovered SLO | 22 comments

By KAREN VELIE and DANIEL BLACKBURN A federal judge presiding over Estate Financial Inc. (EFI) bankruptcy hearings declined Tuesday to authorize disbursement of funds from a pending sale of investment property from the troubled lender’s portfolio. U.S. District Court Judge Robin Riblet... (Continue reading)

Law reported closing in on EFI principals

Written on 20 Jul, 2008 in Uncovered SLO | 35 comments

By KAREN VELIE and DANIEL BLACKBURN Local and federal law enforcement agencies are investigating Estate Financial Inc. (EFI) and a criminal case is said to be “moving forward” even as a battalion of interested parties scrap over control of the failing... (Continue reading)